SMART RATE ADJUSTABLE MORTGAGE
No, the term of your exsisting Smart Rate Adjustable Mortgage cannot be changed. However, to explore other mortgage terms or options, visit your local bran...
Mon, 25 Apr, 2022 at 2:44 PM
Yes, you can get a preapproval for a Smart Rate Adjustable Mortgage for purchases. The Third Federal Preapproval is a FREE process that prequalifies inc...
Fri, 21 Feb, 2020 at 2:21 PM
The Low Cost Option is available for our Smart Rate Adjustable Mortgage products. You pay a one-time fee of $295. This is collected at closing. All other ...
Fri, 21 Feb, 2020 at 2:21 PM
The Rate Relock gives you control to relock your rate for five (or three) more years, anytime throughout the life of your loan! With the Rate Relock, no mo...
Fri, 21 Feb, 2020 at 2:24 PM
Here are some key terms that will help in better understanding an adjustable rate mortgage: Initial rate - in an Adjustable Rate Mortgage (ARM), the len...
Fri, 21 Feb, 2020 at 2:25 PM
There are two different types of caps for adjustable rate mortgages. The first is a periodic cap which limits how much the interest rate can increase or...
Fri, 21 Feb, 2020 at 2:26 PM
Your loan caps and rate floor do not change when you relock the rate on your Smart Rate Adjustable Mortgage.
Fri, 21 Feb, 2020 at 2:28 PM
The index used by Third Federal is the Prime Rate as published by the Wall Street Journal.
Fri, 21 Feb, 2020 at 2:29 PM
An adjustable rate mortgage is a loan where the loan's interest rate and payment (principal and interest) change periodically. The adjustment int...
Fri, 21 Feb, 2020 at 2:30 PM
We recommend that you talk with one of our associates who will review the products with you and determine what makes sense for you based on your current sit...
Fri, 21 Feb, 2020 at 2:36 PM